Recent months have seen the ebb and flow of a certain pattern: US President Donald Trump will take some objectively harmful action to the US economy, and the markets will crash. Seeing this, Trump has turned to Jerome Powell, chair of the Federal Reserve, and now demands he lower the Fed Funds Rate — the…
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A high court in Nigeria has reportedly granted the country’s Economic and Financial Crimes Commission (EFCC) the authority to arrest six individuals who were allegedly involved in investment fraud at a cryptocurrency exchange. According to an April 24 report from Nigerian news outlet The Cable, the Federal High Court in Abuja approved the arrest and…
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Opinion by: Daniel Ahmed, co-founder of Fasset and founding member of the Own Foundation Crypto was born from a vision to decentralize power, democratize finance and build systems where equity prevails over exploitation. Somewhere along the way, however, the movement lost its moral compass. As speculation surged, purpose dwindled. We must return crypto to its…
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Key points: Bitcoin is witnessing a tussle between buy and sell volume as BTC/USD hits its highest levels since the start of March. BTC price action is making traders increasingly wary due to the pace of recent gains. $100,000 is likely to remain out of reach for the short term, multiple commentators say. Bitcoin (BTC)…
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An official of the Swiss National Bank dismissed calls for the institution to add Bitcoin to its reserves as a hedge against the ongoing macroeconomic turmoil. According to an April 25 Reuters report, Swiss National Bank Chairman Martin Schlegel said that “cryptocurrency cannot currently fulfil the requirements for our currency reserves” during a shareholder meeting…
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The crypto industry is bracing for a significant shift in regulatory tone following Paul Atkins’ swearing-in as chair of the US Securities and Exchange Commission on April 21. A former SEC commissioner with deep roots in deregulatory philosophy, Atkins replaces Gary Gensler, whose combative stance toward crypto defined much of the agency’s recent legacy. In…
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As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have experienced police raids. Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Mosca’s development head Dmitry Titarenko confirmed to Cointelegraph. “Law…
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As the Russian government is considering a ban on cash-to-cryptocurrency transactions, some major local crypto exchange platforms have experienced police raids. Mosca, a crypto-to-cash exchange located in the Moscow International Business Center, was raided on April 23 in connection with fraud by one of its customers, Mosca’s development head Dmitry Titarenko confirmed to Cointelegraph. “Law…
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Bitcoin adoption among United States financial institutions could see a major boost after the US Federal Reserve withdrew its guidance discouraging banks from engaging with cryptocurrency. On April 24, the Fed withdrew its 2022 supervisory letter that served as guidance to deter banks from engaging in crypto and stablecoin activities. The withdrawal spurred a notable…
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An executive at major stablecoin issuer Circle denied reports that the company is looking to obtain a US federal bank charter. In an April 25 X post, Circle’s chief strategy officer and head of global policy, Dante Disparte, denied that the company is interested in obtaining a US federal bank charter or acquiring an insured…
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